Copper Fox Announces an Additional $2,000,000 Private Placement Unit Offering

Press Release Source: Copper Fox Metals Inc. On Monday September 12, 2011, 2:02 pm EDT

Insider commits to 100% participation in the Offering

CALGARY , Sept. 12, 2011 /CNW/ - Mr. Elmer Stewart , President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) is pleased to announce that subject to the approval of the TSX-Venture Exchange, the Company intends to complete a non-brokered private placement to raise an additional $2,000,000 (see news release dated September 7, 2011 ) bringing the total private placement proceeds to $5,000,000 CDN (the "Offering"). The Offering is expected to consist of 3,333,334 units at a purchase price of $1.50 per unit, for aggregate gross proceeds of $5,000,000 . Each unit consists of one common share of Copper Fox and one-half common share purchase warrant of Copper Fox. Each whole warrant entitles the holder thereof to acquire one common share of Copper Fox at an exercise price of CDN $1.75 prior to 5:00pm on the one year anniversary of the closing date of the Offering. The proceeds of the offering will be used to fund the 2011 exploration program and work on the feasibility study of the Schaft Creel project.

Mr. Ernesto Echavarria a director, an insider and a control person of Copper Fox, as defined by the regulations of the TSX-Venture Exchange, has committed to participating in 100% of the Offering.

"This financing commitment combined with direct advances already provided to the company by Mr. Echavarria demonstrate his strong commitment to Copper Fox and to the Schaft Creek project" says Elmer Stewart , President and CEO of Copper Fox.

http://finance.yahoo.com/news/Copper-Fox-Announces-cnw-3506376976.html?x=0&.v=1